2019 State of Logistics: Truckload
July 11, 2019
Truckload market grappling with excess capacity, lagging rates
Knight-Swift to add 400 trucks, drivers with Abilene tuck-in acquisition
March 17, 2018
The biggest truckload carrier in the United States is growing by 400 trucks with a tuck-in acquisition that it says will immediately add $100 million in revenue and, just as importantly, 400 drivers to its fleet operations. Phoenix-based Knight-Swift Transportation says it is buying Richmond, Va.-based Abilene Motor Express for an undisclosed amount.
Knight-Swift merger approved by Swift shareholders, deal expected to be made official
September 8, 2017
The merger of two Phoenix, Az.-based truckload giants, Swift Transportation and Knight Transportation, was approved late yesterday by Swift stockholders, Swift officials announced yesterday. Swift said it expects to the merger to close today.
Blockbuster deal in truckload! Knight and Swift to merge to create $6 billion TL giant
April 10, 2017
Consolidation in the $310 billion truckload sector continues with the planned merger of a pair of Phoenix-based TL giants, Swift Transportation and Knight Transportation in an all-stock transaction.